At the beginning of 2019, robotics inc. acquired a manufacturing facility for $13.5 million. $10.5 million of the purchase price was allocated to the building. depreciation for 2019 and 2020 was calculated using the straight-line method, a 25-year useful life, and a $2.5 million residual value. in 2021, the estimates of useful life and residual value were changed to 20 total years and $650,000, respectively. what is depreciation on the building for 2021
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At the beginning of 2019, robotics inc. acquired a manufacturing facility for $13.5 million. $10.5 m...
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